£7.560.000
Confirmation
Supermarket investment with fixed rental uplifts
Aylesbury, United Kingdom
Retail
#34019
Core
28 Oct 2024
Property Details
Broker
Sold
21,500 sq.ft.
1,997 m²Leasable area
351.63 £/sq.ft.
3,785 £/m²6.50 %
1
Freehold
Fees
Investment Overview
Located in Aylesbury, the property benefits from a highly-affluent catchment population with consumer expenditure being comfortably ahead of the UK-average. Purpose-built, modern, right-sized foodstore extending to 21,500 sq ft (GIA). Attractive income profile providing a long unexpired term with approximately 14.7 years remaining to lease expiry without breaks. Guaranteed rental uplifts with the rent subject to 5-yearly fixed rental uplifts at 3% pac, with the next review in September 2028. The only major foodstore in the south of Aylesbury and within a 5-minute drivetime, serving an exclusive local catchment. Car parking for approximately 123 spaces provides an excellent and low ratio of 1:175 sq ft. Full Open A1 (including food) planning consent (now Class E) with no further restrictions or limitations on floorspace sub-division or future unit sizes. Freehold site extending to c.2.21 acres.
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